Virginia Telehealth Network Inc

Nonprofit profile at a glance

EIN
261120684
IRS 990 coverage
2011–2024
Forms available
Form 990 2024, Form 990-EZ 2020, Form 990-N 2016
Location
North Chesterfield, VA, USA
Phone
8042450097
Rating
83
Verdict
STRONG
Rating confidence
Moderate
Sector
Management & Technical Assistance

Official website

Reported finances

Revenue
$1,290,265
Expenses
$1,054,142
Assets
$1,147,200
Liabilities
$5,083

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

17 people listed

Executive titles in this filing

  • KAREN RHEUBAN MD (PRESIDENT)
  • KATHY WIBBERLY PHD (VICE PRESIDENT)
  • MARA SERVAITES MSW PCMH CCE (EXECUTIVE DIRECTOR)

Highest reported compensation

  • MARA SERVAITES MSW PCMH CCE (EXECUTIVE DIRECTOR): $98,800 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Vtn devotes its resources to advancing the adoption, implementation, and integration of telehealth and related technologies statewide and promotes the coordination and delivery of care for all virginians.in carrying out its work, the vtn is involved in many activities that arelinked to its five top priorities:1. Facilitating the sharing of resources;2. Supporting quality improvement initiatives by using technologies;3. Identifying and addressing barriers to implementation;4. Educating stakeholders; and5. Identifying best practices in telehealth deployment.

What it reported doing in 2024

Major accomplishments1. In a partnership with the Virginia department of health professions, conducted a survey on telehealth usage with all licensed health care providers in the commonwealth.2. Brought telehealth stakeholders together for facilitated discussions to future plan for telehealth in the commonwealth. 3. Researched and published best practice case studies on breaking down access barriers for telehealth. 4. Continued the pilot program of partnering with free and charitable clinics to serve their medically underserved patients with telemental health services provided by pre-licensed mental health professional volunteers. In 2022, the organization began providing telemental health services in a pilot program. The university of Virginia serves as a funding partner. In march 2023, a separate legal entity, Virginia telemental health initiative ("vtmhi") was formed with the intent to provide such services under this separate entity. This entity, which shares common board members and management, and received tax exempt status (501(c)(3)) with the internal revenue service in november of 2023., the organization intends to grant funds to vtmhi and also enter into a management agreement for shared services. All transactions with vtmhi will be reported on schedule r, related organizations and unrelated partnerships, in future years.

Operating model

Revenue model
Grant-funded. 98% of the money available for current operations came from government grants.
Distribution model
Hybrid. The nonprofit split its reported program spending across 42% for direct work, and 58% for grants.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 75
  • Transparency & Controls: 94
  • Accountability: 84
  • Sustainability: 61
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 78.5%; rating input score 78
  • Program expense ratio: 95.7%; rating input score 96
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
  • Pay-setting controls: Limited
  • Foreign activity oversight: Limited
  • Grant itemization coverage: 100%; rating input score 100; 76th percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 5 of 8 controls in place; rating input score 62
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Fail
    • Document-retention policy: Fail
    • CEO compensation review process: Fail
    • Other executive compensation review process: NotApplicable
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 18.3%; rating input score 74; 74th percentile among comparable filings
  • Total-asset coverage ratio: 1.09; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0; rating input score 74; 74th percentile among comparable filings
  • Officer compensation ratio: 9.4%; rating input score 39; 39th percentile among comparable filings

Growth

  • Program expense growth: 14.8% per year; rating input score 100; 75th percentile among comparable filings
  • Revenue growth: 20.9% per year; rating input score 100; 86th percentile among comparable filings
  • Asset growth: 23.7% per year; rating input score 100; 86th percentile among comparable filings

Details

  • Where the money goes: 78.5% of revenue deployed · 95.7% of spending went to programs
  • Governance: 16 of 16 board members independent · 5 of 8 filing controls reported
  • Programs: 1 filed program accomplishment · $1M in reported program spending
  • Leadership: top reported pay $99K · 17 people listed
  • Highest-paid contractors: 1 contractor listed · $127K reported
  • Consistency: 26 of 26 current checks pass
  • Schedules: 7 filed schedules · includes major donors and grants
  • Filing history: 8 filing years from 2011 to 2024
  • Contacts: How to reach this organization
  • Money network: 4 filed money-flow records
  • Related organizations: 2 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Review — Accountability: Governance controls: 3 of 8 not reported.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • Moderate — Sustainability: Officer compensation ratio scored 39/100.